Ameriflex Group Inc. Raises Stock Position in Pacer Pacific Asset Floating Rate High Income ETF $FLRT

Ameriflex Group Inc. boosted its position in shares of Pacer Pacific Asset Floating Rate High Income ETF (NYSEARCA:FLRT) by 171.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,192 shares of the company’s stock after purchasing an additional 13,386 shares during the quarter. Ameriflex Group Inc. owned about 0.18% of Pacer Pacific Asset Floating Rate High Income ETF worth $1,004,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc lifted its stake in Pacer Pacific Asset Floating Rate High Income ETF by 39.0% in the third quarter. AdvisorNet Financial Inc now owns 98,238 shares of the company’s stock worth $4,655,000 after acquiring an additional 27,541 shares during the period. Crestwood Advisors Group LLC bought a new stake in shares of Pacer Pacific Asset Floating Rate High Income ETF in the 3rd quarter valued at about $870,000. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Pacer Pacific Asset Floating Rate High Income ETF by 7.6% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 91,566 shares of the company’s stock worth $4,339,000 after purchasing an additional 6,492 shares during the period.

Pacer Pacific Asset Floating Rate High Income ETF Trading Down 0.1%

Shares of NYSEARCA FLRT opened at $46.23 on Friday. Pacer Pacific Asset Floating Rate High Income ETF has a 12-month low of $45.06 and a 12-month high of $47.68. The stock’s fifty day simple moving average is $47.04 and its two-hundred day simple moving average is $47.25. The stock has a market capitalization of $605.15 million, a PE ratio of 10.84 and a beta of 0.13.

Pacer Pacific Asset Floating Rate High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were given a $0.29 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Wednesday, February 25th. This is an increase from Pacer Pacific Asset Floating Rate High Income ETF’s previous monthly dividend of $0.16.

About Pacer Pacific Asset Floating Rate High Income ETF

The Pacer Pacific Asset Floating Rate High Income ETF (FLRT) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund targeting floating-rate debt from non-investment-grade issuers. FLRT was launched on Feb 19, 2015 and is managed by Pacer.